“There’s an app for that”

Ever since the first apps were introduced on smartphones in 2008, it has changed our lives forever. Fast forward to six years later in 2014, we’ve now a library of over one million apps. Whatever idea you can think of, it has probably already been done. Maybe not in your locale, but somebody elsewhere might have already done and executed it. Maybe it worked, maybe it didn’t.

Are these apps making any money?

Turns out, a majority of them might not be making any money at all. A new study done by VisionMobile which surveyed over 10,000 app developers revealed that there is now a “one percenter” group of developers earning most of the revenue from mobile and almost half of other developers make almost no income at all. The research report, called State of the Developer Nation Q3 2014 research report, investigates the latest trends and discusses platforms, languages, consumer vs. enterprise revenues, as well as developer tools and segments.

“The revenue distribution is so heavily skewed towards the top that just 1.6% of developers make multiples of the other 98.4% combined.” – VisionMobile